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REGISTERED NUMBER: 10798708 (England and Wales)











Financial Statements for the Year Ended 30 June 2023

for

GRIDLINE MASONRY LIMITED

GRIDLINE MASONRY LIMITED (REGISTERED NUMBER: 10798708)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRIDLINE MASONRY LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTOR: P J Davern



SECRETARY: S Daverna



REGISTERED OFFICE: 15 Market Place
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0EN



REGISTERED NUMBER: 10798708 (England and Wales)



ACCOUNTANT: Mourne & Co
10 Market Street
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0HH



BANKERS: The Royal Bank of Scotland Plc
18 - 20 High Street
Buxton
Derbyshire
SK17 6EU

GRIDLINE MASONRY LIMITED (REGISTERED NUMBER: 10798708)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 44,128 27,752

CURRENT ASSETS
Debtors 6 382,183 210,974
Cash at bank 2 5,807
382,185 216,781
CREDITORS
Amounts falling due within one year 7 371,306 194,079
NET CURRENT ASSETS 10,879 22,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,007

50,454

CREDITORS
Amounts falling due after more than one
year

8

50,534

46,851
NET ASSETS 4,473 3,603

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 4,472 3,602
SHAREHOLDERS' FUNDS 4,473 3,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GRIDLINE MASONRY LIMITED (REGISTERED NUMBER: 10798708)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





P J Davern - Director


GRIDLINE MASONRY LIMITED (REGISTERED NUMBER: 10798708)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Gridline Masonry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies adopted in the preparation of the financial statements are set out below.

The financial statements have been prepared under the historic cost convention, except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, trade creditors, bank loans and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GRIDLINE MASONRY LIMITED (REGISTERED NUMBER: 10798708)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 July 2022 64,375
Additions 23,990
Disposals (1,875 )
At 30 June 2023 86,490
DEPRECIATION
At 1 July 2022 36,623
Charge for year 6,713
Eliminated on disposal (974 )
At 30 June 2023 42,362
NET BOOK VALUE
At 30 June 2023 44,128
At 30 June 2022 27,752

GRIDLINE MASONRY LIMITED (REGISTERED NUMBER: 10798708)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 57,500
Additions 23,990
At 30 June 2023 81,490
DEPRECIATION
At 1 July 2022 33,852
Charge for year 5,912
At 30 June 2023 39,764
NET BOOK VALUE
At 30 June 2023 41,726
At 30 June 2022 23,648

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 220,897 118,439
Directors' current accounts - 22,535
Accrued income 161,286 70,000
382,183 210,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts (see note 9) 36,525 -
Hire purchase contracts 9,821 8,323
Trade creditors 163,714 97,356
Taxation 47,974 43,740
Social security & other taxes 11,080 15,794
VAT 46,183 22,189
Other creditors 2,274 3,177
Directors' current accounts 50,235 -
Accrued expenses 3,500 3,500
371,306 194,079

GRIDLINE MASONRY LIMITED (REGISTERED NUMBER: 10798708)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 9) 30,762 40,258
Hire purchase contracts 19,772 6,593
50,534 46,851

9. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 36,525 -

Amounts falling due between two and five years:
Bank loan (BBLS) 30,762 40,258

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £0.01 1 1

11. RESERVES
Retained
earnings
£   

At 1 July 2022 3,602
Profit for the year 200,870
Dividends (200,000 )
At 30 June 2023 4,472

GRIDLINE MASONRY LIMITED (REGISTERED NUMBER: 10798708)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
P J Davern
Balance outstanding at start of year 11,267 19,150
Amounts advanced 269,904 335,842
Amounts repaid (331,406 ) (343,725 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50,235 ) 11,267

D Pointon
Balance outstanding at start of year 11,268 20,426
Amounts advanced 189,732 325,561
Amounts repaid (201,000 ) (334,719 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,268

13. ULTIMATE CONTROLLING PARTY

The company was throughout the year under the control of the directors by virtue of their majority holding in the issued ordinary share capital.